is the act of formalizing the requirements into a "source of truth." This can take several forms depending on the methodology:
In software development and systems engineering, the "requirements process" is the critical bridge between a stakeholder’s vague idea and a functional product. It is the practice of identifying, documenting, and managing what a system must do. Getting this right is paramount; industry data consistently shows that requirement errors are the most expensive to fix if discovered late in the development cycle. 1. Discovery and Elicitation
Ensure the requirements can actually be built within the budget and timeframe. 3. Specification
Negotiate between different departments that may have opposing goals.